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Chelan PUD ponders longer-term locks on surplus power

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WENATCHEE — Chelan County PUD commissioners will likely decide Monday if the benefit is greater than the risk to the utility’s bottom line if a potentially large part of its surplus power is locked up in sales contracts for as long as 15 years.

“We can’t afford to pay our bills if the market goes too low,” said Gregg Carrington, the PUD’s managing director of energy resources. “We say, it’s better for our customers to have certainty. It’s all a balancing act.”

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